Compare quotes for business insurance in South Australia from a range of providers here with Savvy.
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We’ve partnered with BizCover to bring you a range of business insurance policies to help you compare them side by side.
Whether you’re operating a large building company in the Adelaide CBD or a bed and breakfast in the Clare Valley, there’s bound to be a set of risks which you face as a business owner and operator. Business insurance is designed to offer a crucial safety net for a range of covered incidents, whether you’re looking for insurance for your small business in South Australia or a larger operation.
With Savvy, you can compare offers from a panel of trusted insurers in one place. Consider policies side-by-side based on cost, inclusions, exclusions, benefits and more and if you find one you like, you can go ahead and buy it online. Get started comparing business insurance with Savvy today.
As mentioned, business insurance is a type of cover which is tailored more to the needs of small, medium and large businesses. There are several types of insurance policy which are available to owners and operators, which can all offer a level of protection for different risks (subject to your business and any claimable circumstances meeting their criteria). Some of the insurance types you can look to buy include:
Public liability insurance
Public liability insurance can cover your business if a member of the public is injured or their property is damaged as a result of your business activity, subject to the terms and qualification criteria set by your insurer. This type of insurance generally allows you to set a claim limit of $5 million, $10 million or $20 million (though larger amounts may be available with some insurers).
What it covers:
Product liability insurance
Product liability insurance may be able to offer your business protection against claims a product you supplied, whether manufactured by you or imported and sold, caused harm to a third party or damaged their property. This type of insurance may also come with claim limits ranging from $5 million to $20 million.
What it covers:
Professional indemnity insurance
Professional indemnity insurance can offer cover against claims the advice you gave or service you provided was negligent, sub-standard or caused loss or harm. It may also cover circumstances such as mistakes, incorrect diagnoses, miscalculations and breach of duty. Cover can start at $250,000 and may go up to $10 million (though more may be available by individual negotiation with some insurers).
What it covers:
General business insurance
General business insurance is an insurance package which can offer coverage against other risks, such as those facing your physical business premises and assets. Because this is a package, you may also be able to bundle other policies such as public liability and professional indemnity together, with the level of cover dependent on the types of policy you buy.
What it covers:
There’s also a variety of other insurance types which may be included under your general policy, either for an added premium or automatically, including:
Accident and sickness insurance
Accident and sickness insurance can cover self-employed individuals who are injured or suffer an illness which prevents them from working and earning a living. This benefit is different, as you may be able to claim up to 85% of your salary on an ongoing basis (subject to your insurer’s eligibility criteria), which you can generally choose to receive for one or two years and with a waiting period of between seven and 28 days before your benefits kick in.
What it covers:
What isn’t covered by business insurance in South Australia?
There are several common exclusions which may apply to business insurance policies. These may include:
Some of the factors which may influence the cost of your insurance include:
One of the most notable variables is the industry you operate in. Insurers will assess different industries based on the risk they come with of a claim being made. As an example, a retail business may expect to pay more for its public liability insurance policy than a legal firm due to the different risks relating to personal injury or illness and property damage.
Additionally, where you are in South Australia will also have an impact. Business insurance in Adelaide, such as in the city, may be more expensive than a policy for a more rural business in Port Pirie or Renmark.
There are many areas to think about when buying your business insurance policy in South Australia, which include:
By comparing business insurance with Savvy, you can consider competitive offers in one place and determine which member of our partner’s panel can offer the most suitable policy at an affordable price. There’s no need to visit an insurance broker or company in Adelaide; simply compare your options online and buy a policy if it suits your business’ needs.
The majority of businesses operating in South Australia today will face some form of risk which, if uninsured, could leave them out of pocket. As such, some of the businesses which could benefit from an insurance policy are:
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Disclaimer:
Savvy is partnered with BizCover Pty Ltd (ABN 68 127 707 975, AFSL 501769) to provide readers with a variety of business insurance policies to compare. Savvy earns a commission from BizCover each time a customer buys a business insurance policy via our website. We don’t arrange for products to be purchased from these brands directly, as all purchases are conducted via BizCover.
Savvy does not compare all business insurance policies or providers currently operating in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy.
For any further information on the variety of insurers compared by BizCover or how their business works, you can read their Financial Services Guide.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
